The Department for Culture, Media and Sport has published draft legislation to amend the Gambling Act 2005 so that remote gambling by consumers living in Britain is regulated on a point-of-consumption basis.
The chairman of the UK Gambling Commission, Philip Graf, said: “We welcome the proposed changes as currently we regulate less than 20 per cent of online gambling by British consumers and cannot insist on overseas operators providing us with information about suspicious sports betting transactions.”
The legislation, if approved, would generate welcome new revenue streams for the UK government at a time when Chancellor George Osborne (pictured) is widely expected to announce an extension to his so-called ‘age of austerity’.
